FT Executive MBA Ranking 2021: methodology and key

This is the 21st edition of the FT’s once-a-year rating of the world’s leading a hundred govt MBA programmes for senior doing work administrators.

Participation in the rating is voluntary and at the enterprise school’s request. EMBA programmes must meet sure requirements to be qualified. 1st the college must be accredited by either the US’s Affiliation to Progress Collegiate Faculties of Company or Europe’s Equis. The EMBA must be cohort-primarily based, with learners enrolling and graduating alongside one another, and with at minimum 30 graduates each and every yr.

A full of 136 programmes took aspect in the 2021 rating method, like fourteen joint programmes delivered by extra than a person college. Two new colleges function in our desk — Moscow’s Skolkovo at fifty eight and Zhejiang at 65.

Knowledge for the rating are collected working with two on the web surveys, the first finished by collaborating colleges and the next by alumni who finished programmes in 2018. For a college to be qualified for the rankings, at minimum 20 per cent of its alumni must answer to the FT study, with a minimum amount of 20 responses. Owing to the Covid-19 crisis, this yr, the FT deemed colleges with a decreased response price. About four,770 alumni finished the study — an overall response price of about 47 per cent.

FT Executive MBA rating 2021 — leading a hundred

Come across out which colleges are in our rating of EMBA levels.

Alumni responses inform five rating requirements: salary now, salary improve, job development, function expertise and aims obtained. Together they account for 55 per cent of the ranking’s weight. The first two requirements about alumni salaries each and every count for 20 per cent.

Salaries of non-financial gain and general public sector employees, as properly as comprehensive-time learners, are removed. Remaining salaries are transformed to US pounds working with the most up-to-date acquiring electricity parity (PPP) costs equipped by the International Financial Fund. The best and least expensive salaries are then removed and the indicate average “current salary” is calculated for each and every college. Wage improve is calculated according to the big difference in average salary prior to the EMBA to a few yrs just after completion. 50 % of the rating weight is utilized to the complete improve and the other half to the proportion improve relative to pre-EMBA fork out.

When out there, alumni requirements are educated by the past a few surveys. Responses from the 2021 study have fifty per cent of the full weight and those people from 2020 and 2019 each and every account for twenty five per cent. Excluding salary-connected requirements, if only two yrs of details are out there, the weighting is split sixty:forty if details are from 2021 and 2020, or 70:30 if from 2021 and 2019. For salary figures, the weighting is fifty:fifty for two years’ details, to stay clear of inflation-connected distortions.

Info presented by the enterprise colleges informs ten requirements that collectively account for 35 per cent of the ultimate rating. The ESG group is primarily based on the proportion of core programs committed to environmental, social and governance troubles. It carries a weight of 3 per cent.

The weight of the school and pupil gender range is four per cent each and every. For these gender range requirements, colleges with a fifty:fifty (male: woman) composition receive the best score.

The global range calculation is primarily based on the overall proportion of learners and school from overseas as properly as the unfold of these people by citizenship primarily based on the Herfindahl index, a evaluate of concentration.

The ultimate criterion, the FT research rank, accounts for ten per cent of the rating. It is calculated according to the range of content articles published by schools’ comprehensive-time school in fifty internationally recognised tutorial and practitioner journals. The rank combines the complete range of publications from January 2018 and about Could 2021 with the range of publications weighted relative to the faculty’s dimension.

The FT rankings are relative. Faculties are rated in opposition to each and every other instead than in opposition to established benchmarks. The FT calculates the Z-scores for each and every criterion. (Z-scores show how significantly a school’s details is from the indicate and are unitless, so they enable the rating to be primarily based on incredibly distinctive requirements — salary, percentages and points.) These scores are then weighted as outlined in the rating critical and included alongside one another for a ultimate score.

After eliminating the colleges that did not meet the minimum amount response price from their alumni, a first model is calculated working with all remaining colleges. The college at the base is removed and a next model is calculated. This motion is repeated to locate the leading a hundred.

Judith Pizer of Pizer-MacMillan acted as the FT’s databases marketing consultant.

The FT research rank was calculated working with Clarivate details covering fifty journals selected by FT from the Website of Science, an abstract and citation databases of research literature.

Weights for rating requirements are proven in brackets as a proportion.

Wage now US$ (20): average alumnus salary a few yrs just after completion, US$ PPP equal.†

Wage improve (20): average big difference in alumni salaries among prior to the EMBA and now. 50 % of this figure is calculated according to the complete salary improve, and half according to the proportion improve relative to the pre-EMBA salary – the figure published in the desk. †

Professions development (five): calculated according to changes in the level of seniority and the dimension of firm alumni function in now, as opposed to prior to their EMBA.†

Function expertise (five): a evaluate of the pre-EMBA expertise of alumni according to the seniority of positions held, range of yrs in each and every placement, organisation dimension and abroad function expertise.†

Aims obtained (five): the extent to which alumni fulfilled their objectives or good reasons for doing an EMBA.†

Woman school (four): proportion of woman school. ††

Woman learners (four): proportion of woman learners on the programme. ††

Women of all ages on board (one): proportion of woman customers of the advisory board. ††

International school (five): calculated according to the range of school by citizenship and the proportion whose citizenship differs from their locale of employment – the published figure.

International learners (five): the proportion of current EMBA learners whose citizenship differs from the locale in which they review, or exactly where the school’s key campus is situated, as properly as their range by citizenship.

International board (two): proportion of the board whose citizenship differs from the locale in which the enterprise college is positioned.

International study course expertise (five): proportion of classroom instructing hours that were being carried out exterior the locale in which the enterprise college is positioned for the finishing EMBA lessons from 2018 to 2021 if out there. An average calculation was taken from the 2021 study, if details were being out there for necessary abroad instructing periods, furthermore the past two years’ global study course expertise details (from the 2020 and 2019 surveys). Virtual activities were being not incorporated. Owing to travel constraints brought on by the pandemic, some colleges were being unable to give recent details for this group. If you are a potential pupil, remember to call the college to check if they are equipped to present lessons abroad. †

Excess languages (one): the range of languages necessary on graduation, excluding English. * Programme not totally out there in English.

College with doctorates (five): proportion of comprehensive-time school with a doctoral degree.

FT research rank (ten): calculated according to the range of content articles published by a school’s current comprehensive-time school customers in fifty tutorial and practitioner journals among January 2018 and about Could 2021. The rank combines the complete range of publications with the range weighted relative to the faculty’s dimension.

Environmental, social and governance (ESG) rank (3): proportion of core programs committed to moral, social and environmental troubles for the current and recent finishing course. Owing to the pandemic, some colleges do not have a current course, therefore details was taken from their recent finishing course only.

Total gratification: average evaluation by alumni of the study course, scored out of ten. After alumni answered different concerns about their EMBA expertise, they were being requested to price their overall gratification, on a ten-stage scale.

FT rating tier: colleges are divided into four groups. Faculties at the leading are in tier a person and those people at the close are in tier four.

† Consists of details for the current yr and the a person or two preceding yrs exactly where out there.

†† For the a few gender-connected requirements, colleges that have fifty:fifty (male:woman) composition receive the best attainable score.